Global financial technology company Broadridge Financial Solutions has agreed to acquire CQG, a futures and options trading provider headquartered in Denver, Colorado.
According to New York-listed Broadridge, CQG will add complementary execution management, algorithmic trading, and analytics capabilities to its order management and client connectivity solutions, creating an end-to-end trading suite for global futures and options markets.
“Integrating CQG’s advanced execution management, analytics, and connectivity technologies with Broadridge’s leading order management and connectivity solutions will create a unified platform in futures and options that simplifies trading complexity, improves transparency and workflow efficiency, and enhances Broadridge’s digital asset trading capabilities,” Frank Troise, president of Broadridge’s trading and connectivity solutions business, says in a statement.
CQG chief executive officer Ryan Moroney adds: “The trading experience of our collective clients will be defined by speed, intelligence, and scale, enabling them to trade smarter, access new markets, and adapt faster in an increasingly dynamic marketplace.”
The expanded offering aims to better support the evolving needs of clients across a broad spectrum of segments, including futures commission merchants, institutional investors, retail brokers, proprietary trading firms, commodity trading advisers, and hedge funds.
Clients will benefit from flexible, scalable solutions designed to support their growth objectives, accelerate speed to market, and deliver a powerful, fully integrated trading experience for both institutional and professional retail market participants, Broadridge says.
Under the agreement, Broadridge will acquire CQG’s core global trading technology business through the purchase of CQG, LLC and certain affiliated operating entities and assets. Terms of the transaction were not disclosed. The deal is expected to close in Broadridge’s fiscal fourth quarter, which ends on June 30, and is subject to customary closing conditions, including regulatory approvals.